Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$180.00 at TD Securities

Key Points

• TD Securities has raised the price target for Bombardier, Inc. Class B stock from C$173.00 to C$180.00, indicating a potential upside of 10.03% from its current price.
• Other analysts like BMO Capital Markets and Desjardins have also increased their price targets for the stock, reflecting a growing consensus among analysts for a positive outlook.
• As of now, Bombardier, Inc. Class B faces mixed ratings with three analysts maintaining a "hold" rating while eight have given a "buy" rating, contributing to a consensus rating of "Moderate Buy."

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective lifted by research analysts at TD Securities from C$173.00 to C$180.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. TD Securities' target price indicates a potential upside of 10.27% from the company's current price.

Other equities analysts have also recently issued reports about the stock. UBS Group upped their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research note on Wednesday, July 16th. Royal Bank Of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$175.00 to C$202.00 and gave the stock an "outperform" rating in a research report on Friday. Desjardins boosted their price objective on shares of Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the stock a "buy" rating in a research report on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Bombardier, Inc. Class B from C$150.00 to C$185.00 in a research report on Monday, July 21st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$175.82.

Bombardier, Inc. Class B Stock Down 0.4%

Bombardier, Inc. Class B stock traded down C$0.64 during trading on Friday, reaching C$163.23. The stock had a trading volume of 144,276 shares, compared to its average volume of 562,717. Bombardier, Inc. Class B has a 52-week low of C$71.79 and a 52-week high of C$169.68. The business has a 50 day moving average price of C$131.13 and a 200 day moving average price of C$101.38. The stock has a market cap of C$14.12 billion, a PE ratio of 42.29, a P/E/G ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 11,206 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$92.00, for a total value of C$1,030,952.00. Also, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$94.79, for a total value of C$2,085,358.00. Insiders sold a total of 124,838 shares of company stock valued at $12,420,520 in the last ninety days. 1.66% of the stock is currently owned by insiders.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.